Karur Vysya Bank About to Sign MOU with LPU: Multiple Benefits for University’s Students to be Rolled Out Soon

*  Mr K. Venkateswara, Managing Director (MD), Karur Vysya Bank assures superlative services to the student community at LPU


Jalandhar: Banking services to the students and employees of Lovely Professional University will get a major boost in the near future, when Karur Vysya Bank signs an MoU with LPU Phagwara to extend wide range of banking services to the students and employees of the University. A team of three senior functionaries of the Bank comprising of Shri K. Venkateswara, Managing Director-cum- Chief Executive Officer; Shri T. Sivarama Prasad – General Manager and Shri Venkateswara Rao.K – General Manager flew all the way from Chennai to see the feasible proceedings towards this ambitious MoU, which will facilitate a number of attractive services, including educational loans, to the students of LPU.  A highly respected bank of the country, Karur Vysya has been conferred the awards for Best Private Sector Bank by Bloomberg UTV and  Best Private Sector Bank in Asset Quality by Dun & Bradstreet . The bank has a branch network of 451 branches and an ATM network of 825 units; and plans to augment the branch network to 570 by the end of the financial year 2012 -13.


Shri Venkateswara and his team held an extended meeting, with Shri Ashok Mittal, Chancellor LPU to explore other avenues of cooperation in the better interests of the University students. Through the MoU, the bank and university will agree in providing easy educational loans to students, thereby ensuring that financial constraints do not come in the way of students while striving for quality education. As part of the MoU, personalized banking cards will be issued to all the student account holders of the university, which will be networked with payment channels of the University through customized software. This will enable the students to pay their fees, mess charges, library dues, and canteen charges and make payments at kiosks based on the campus; through these cards. The move is going to prove a major step in ensuring convenient and hassle free financial transactions to the students, and ensures an element of transparency as the details of transactions can be accessed from any part of the world using online services of the bank and the University.


Shri Ashok Mittal, Chancellor-LPU stated, “Karur Vysya Bank is a reputed and well respected name in Indian banking industry, and with this future MoU, students of LPU will have an extended choice in availing banking services within the campus.”  Shri Venkateswara, MD Karur Vysya Bank stated that this going to be banking relation with the India’s largest University is a conscious effort by the bank to extend services to the thousands of students, thereby making an implicit contribution in the field of promoting education through financial services of highest operational standards.

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